Aluminium Trend Today Technical Analysis for 29-11-2019 16:00:04

by wealthmann

November 29, 2019

23

In 1 hour chart Aluminium price continues to trade at 132 and above the (Exponential Moving Average)EMA200 value of 131.362 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Buy overview conditioned by the price stability above

However, if Aluminium continues to trade above level, that could be an extraordinarily Bullish sign for Aluminium

Even so, the 200-candle Exponential moving average (EMA) price range of 131.362 is proving a tough nut to crack.

Pivot (invalidation): 132.15

Our preference: Long positions above 132.45

Alternative scenario: Below 131.8 look for further downside.

Support Resistance Levels For Aluminium Today at 29-11-2019 16:00:04

Pivot: 132.15

Resistance 1: 132.45

Resistance 2: 132.8

Resistance 3: 133.1

Support 1: 131.8

Support 2: 131.5

Support 3: 131.15

Yesterday High Low Close For Aluminium

Yesterday High: 132.5

Yesterday Low: 131.85

Yesterday Close: 132.1

Today at 29-11-2019 16:00:04 Aluminium trading at 132 with high of 132.4 and low of 131.95